Liquidity token holder is the Prometheus of the DeFi economy, they take the risk of impermanent loss, there will be no DeFi legos today without their help. In order to reward those who take the risk, we proposal a new protocol to reward all LP token holders, and by the way, we make the underlying market more liquid by make the liquidity token less liquid. ;)
We keep the Yield Farming part(which we all like it) in Yam and introduce POWH algorithm into liquidity mining. There will be an additional 5% fees each time when people withdraw their LP token, which will be divide to all other liquidity miner as their POLH(Proof-of-Long-time-Liquidity-Holder).
The y3d token itself which is completely useless. There is no governance, no premine, no dev fees, and no audit as well. Mining it at your own risk.
There will be 21,000 y3d token in total. We will carefully select some pools on uniswap at this moment to distribute them. Stay tuned.
Much of this codebase is modified from existing works, including:
- How much will i lose at most?
You will lose 5% of your LP token if you jump in and go out immediately.
- What am I going to win?
You are going to mining our y3d token and might win other LP token once another player exit the scam before you.
- Will I lose the transaction fee during staking?
No you won't since you will get 95% of your LP token(and many else) back after exit the scam.
ATTENTION: If you are using macOS Catalina or above, plase install node-gyp v7+ and set environment variable, read Installation notes for macOS Catalina (v10.15) for more details.
- Install ganache-cli:
npm install -g ganache-cli- Install dependencies:
npm installcd www
python -m http.server --cgi 8000truffle deploy --network rinkeby --reset